Robinhood Markets (NASDAQ:HOOD) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Robinhood Markets, Inc. (NASDAQ:HOOD). In a filing disclosed on April 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Robinhood Markets stock on March 11th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cadence Design Systems (NASDAQ:CDNS) on 3/17/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 3/11/2025.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 3/11/2025.

Robinhood Markets Trading Down 4.0 %

Shares of Robinhood Markets stock opened at $40.51 on Friday. The company has a market cap of $35.87 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The company’s fifty day simple moving average is $46.63 and its 200-day simple moving average is $39.35.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HOOD. JMP Securities cut their price target on Robinhood Markets from $77.00 to $70.00 and set a “market outperform” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Mizuho raised their target price on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Compass Point started coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.06.

Institutional Trading of Robinhood Markets

Hedge funds have recently modified their holdings of the company. Whipplewood Advisors LLC grew its position in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after acquiring an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets in the fourth quarter worth $26,000. CoreCap Advisors LLC grew its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares in the last quarter. Finally, Colonial Trust Co SC bought a new position in shares of Robinhood Markets in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $45.27, for a total value of $4,113,503.82. Following the completion of the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $228,251.34. The trade was a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,651,987 shares of company stock worth $132,806,233 in the last 90 days. Corporate insiders own 19.95% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.